Armstrong World Industries, Inc. (NYSE:AWI) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC decreased its stake in Armstrong World Industries, Inc. (NYSE:AWI) by 8.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,545 shares of the construction company’s stock after selling 826 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Armstrong World Industries were worth $1,349,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Tealwood Asset Management Inc. grew its position in shares of Armstrong World Industries by 0.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 9,287 shares of the construction company’s stock valued at $1,313,000 after purchasing an additional 71 shares during the period. OneDigital Investment Advisors LLC grew its position in shares of Armstrong World Industries by 4.3% in the third quarter. OneDigital Investment Advisors LLC now owns 1,864 shares of the construction company’s stock valued at $245,000 after purchasing an additional 76 shares during the period. US Bancorp DE grew its position in shares of Armstrong World Industries by 13.9% in the third quarter. US Bancorp DE now owns 672 shares of the construction company’s stock valued at $88,000 after purchasing an additional 82 shares during the period. Blue Trust Inc. grew its position in shares of Armstrong World Industries by 6.7% in the fourth quarter. Blue Trust Inc. now owns 1,523 shares of the construction company’s stock valued at $215,000 after purchasing an additional 95 shares during the period. Finally, Sanctuary Advisors LLC grew its position in shares of Armstrong World Industries by 1.7% in the fourth quarter. Sanctuary Advisors LLC now owns 5,687 shares of the construction company’s stock valued at $865,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 98.93% of the company’s stock.

Armstrong World Industries Stock Performance

AWI opened at $152.01 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.11 and a debt-to-equity ratio of 0.78. The firm’s 50-day moving average price is $148.25 and its 200 day moving average price is $142.94. Armstrong World Industries, Inc. has a twelve month low of $110.68 and a twelve month high of $164.40. The firm has a market capitalization of $6.61 billion, a PE ratio of 26.81, a PEG ratio of 1.60 and a beta of 1.19.

Armstrong World Industries (NYSE:AWI) last issued its earnings results on Tuesday, February 25th. The construction company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. Armstrong World Industries had a net margin of 17.95% and a return on equity of 40.67%. The company had revenue of $367.70 million for the quarter, compared to the consensus estimate of $364.98 million. During the same period in the previous year, the firm earned $1.22 earnings per share. Armstrong World Industries’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, sell-side analysts expect that Armstrong World Industries, Inc. will post 6.18 EPS for the current fiscal year.

Armstrong World Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.308 per share. This represents a $1.23 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Thursday, March 6th. Armstrong World Industries’s dividend payout ratio (DPR) is presently 20.40%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AWI. The Goldman Sachs Group lifted their target price on shares of Armstrong World Industries from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Friday. UBS Group boosted their price target on shares of Armstrong World Industries from $150.00 to $158.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th. StockNews.com lowered shares of Armstrong World Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, Truist Financial boosted their price target on shares of Armstrong World Industries from $162.00 to $175.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $153.33.

Armstrong World Industries Company Profile

Armstrong World Industries, Inc, together with its subsidiaries, engages in the design, manufacture, and sale of ceiling and wall solutions in the Americas. It operates through Mineral Fiber and Architectural Specialties segments. The company offers mineral fiber, fiberglass wool, metal, wood, felt, wood fiber, and glass-reinforced-gypsum; ceiling component products, such as ceiling perimeters and trims, as well as grid products that support drywall ceiling systems; ceilings, walls, and facades for use in commercial settings; and manufactures ceiling suspension system (grid) products.